The US Senate voted Wednesday to reinstate tariffs as high as 254% on solar panels from Southeast Asia, underscoring a deep clash over continued US reliance on foreign imports to drive the nation’s renewable-energy development.
China’s Tianqi Lithium Corp. is considering buying a minority stake in Smart Automobile Co. as part of the iconic minicar maker’s latest private funding round, according to people familiar with the matter.
Copper rebounded from its lowest close in four months as metals received a boost from speculation the Federal Reserve is set to pause hiking interest rates, which increased appetite for risk assets.
President Joe Biden has picked Federal Reserve Governor Philip Jefferson for a promotion to vice chair and will nominate economist Adriana Kugler to an open board slot, according to people familiar with the matter.
Ukrainian President Volodymyr Zelenskiy denied the Kremlin’s claim that drones from Kyiv attempted to strike Moscow or assassinate Vladimir Putin. Russia said earlier it has the right to respond after it downed two drones Tuesday night that it said were part of a “planned terrorist act.”
Chinese stocks edged lower in post-holiday trade after upbeat spending data failed to boost sentiment.
The US and the Philippines promised to deepen their defense alliance through expanded military drills and joint patrols during President Ferdinand Marcos’s visit at the Pentagon where he was given rare honors, amid escalating China tensions.
Investors are increasingly convinced that central banks across Asia will follow the Federal Reserve in swiftly closing out this policy tightening cycle and are bracing for interest-rate cuts later this year.
Johnson & Johnson’s consumer health business Kenvue Inc. raised $3.8 billion in an upsized initial public offering that is the biggest US listing since 2021.
Executives from Paramount Global, Fox Corp. and other entertainment companies said it’s inevitable that films and TV shows will be written using artificial intelligence.
